Meridian Mining price target raised to C$2.75 from C$2 at Raymond James

Raymond James raised the firm’s price target on Meridian Mining (MRRDF) to C$2.75 from C$2 and keeps an Outperform rating on the shares. The price target change is part of Raymond James’ mining update. The firm continues to favor copper in the base metals complex, as it expected growing deficits in the medium to long term.